Word of the Week: Cost Basis

Cost Basis is the original cost paid to purchase an asset, usually used for tax purposes. This value is often used to calculate capital gains, represented by the difference between the cost basis and the current market value.

X
Facebook
LinkedIn

Related Posts

In 1789, nearing the end of his extraordinary life, Benjamin Franklin wrote a letter to a dear friend and well-respected

Contact Us

Schedule a Free 15-Minute Call

Contact Us